The USDCAD pair attempted to break 1.3350 level again but it found solid support there, to rebound bullishly and hint building bullish wave on the intraday basis, on its way to achieve positive targets that start at 1.3425 followed by 1.3500 levels.
Therefore, we expect to witness more bullish bias in the upcoming sessions, and the price needs to hold above 1.3350 – 1.3340 levels to continue the suggested rise, as breaking them will push the price to resume the bearish bias and head towards 1.3265 as a next main station.
The expected trading range for today is between 1.3320 support and 1.3460 resistance.
The expected trend for today: Bullish
Origin: Economies
